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Search Results 0 to 49 of about 60 (some duplicates have been removed)
PBS
Jan 18, 2013 6:30pm PST
.5%, and a similar story for the euro stoxx 50. in new york, trading still under way for the dow jones industrial average, and it is not doing a lot. very little change. the euro trading for $1.3323. >> the chairman of a german steel producer has admitted to making mistakes, saying his supervisory board could have done better, but those mistakes have led to some huge losses for the company. >> the executive dick -- the executive is accused of failing to stop multi-billion dollar projects that went wrong. >> shareholders and employees are pointing the finger at the supervisory board chairman. they accuse him of failing to question bad board decisions. at the general meeting, he fought back, saying he has no intention of stepping down. >> if you ask me whether as a board we could have done things better, i will honestly say yes. we trusted people for too long. we could or should have acted sooner, but we did act once we saw what was going on if we had the appropriate facts, and we acted with resolve. >> hopes for the company's future lie with the new ceo. he fired three top executives last month af
PBS
Jan 21, 2013 6:30pm PST
is expected to be named the next head of the euro group later today. the former president is stepping down after eight years on the job. a man replacing him is virtually untested, but he is the only candidate for the job. >> the dutch finance minister looks set to take on an extra job. he has only just become a minister in his own country but he emerged as the candidate from a small country that is a proponent of unpopular budgeting. >> there seems to be a few basis, a new basis for trust, and we have to work to enhance it and strengthen it and to build new growth in jobs on that basis of trust. that is as short as i can say of what needs to be done in the euro group. >> goodbye to the head of the finance minister since 2005. he spent most of his time deal width democratic crisis and says he is eager to understand that over to somebody else. but apart from designating a new head little else of substance is on the agenda. tell leave a pressing decision on a bail out for cyprus until after elections there. >> since i heard the president has ruled out every form of privatization, i am in a b
LINKTV
Jan 21, 2013 2:00pm PST
with a crisis on his plate. the dutch finance minister is expected to be named the next head of the euro group later today. the former president is stepping down after eight years on the job. a man replacing him is virtually untested, but he is the only candidate for the job. >> the dutch finance minister looks set to take on an extra job. he has only just become a minister in his own country but he emerged as the candidate from a small country that is a proponent of unpopular budgeting. >> there seems to be a few basis, a new basis for trust, and we have to work to enhance it and strengthen it and to build new growth in jobs on that basis of trust. that is as short as i can say of what needs to be done in the euro group. >> goodbye to the head of the finance minister since 2005. he spent most of his time deal width democratic crisis and says he is eager to understand that over to somebody else. but apart from designating a new head little else of substance is on the agenda. tell leave a pressing decision on a bail out for cyprus until after elections there. >> since i heard the president has
PBS
Jan 17, 2013 5:00pm PST
is weaker against the euro. that's on similar expectations for more monetary easing pressures from the bank of japan. the euro quoted at 120.4 to 1. the euro has gained ground against the yen and the dollar. analysts say that's due to worries over with the euro zone. let's see how this is affecting tokyo stocks. share prices surging across the board. nikkei at 10,828. a gain of over 2% from thursday's close. buying was prompted by more optimistic views about the u.s. economic recovery following strong housing data. let's look at other markets open in the asia pacific. over in australia the benchmark index is trading hie ining high. positive moves so far. tokyo is leading >> on japan clearly that sort of recently announced fiscal and monetary package is intended to create growth in the short term. we don't think that if not associated with a midterm solid anchoring that would actually indicate the determination to change the debt trajectory, reduce the deficit. >> lagarde gave her view on thursday. she supported a 2% inflation target which abe asked the bank of japan to set. she said it's a
KCSMMHZ
Jan 21, 2013 5:30pm PST
the current si markets. how is the yen trading ahead of all of this. >> the dollar/yen and the euro/yen, of course, the yen has been a primary factor in the week's rise. 44 to 66, compared it was add ri -- revised before the euro/yen. we have 1.33, comparing to the euro/yen. we may just see the nikkei and the euro/yen trading at a narrow range. >> thank you, ramin mellegard, from the tokyo stock exchange. the nikkei with a gain of one-tenth of a percent. >>> they have voted toyota camry the car of the year. domestic makers dominate the market. representatives from the japanese automaker collected the trophy for the u.s.-built sedan at a ceremony in seoul. the journalist praised the car's price competitiveness. it beat 44 models introduced last year, including vehicles by south korea's kindai. they recently began shipping cars from the u.s. to south korea. our free trade agreement between the countries have slashed terrorist. >> honda and other japanese automakers have also increased ship makers from the u.s. to south korea. south korea is continuing to buy cars for their friendly te
CNBC
Jan 22, 2013 4:00am EST
markets in europe. perhaps we're seeing a special case of that in europe. >> do you expect the euro to remain weak for the rest of the year? >> i expect the eurozone crisis to remain weak. people will look carefully at special situations across europe. >> and best performer of 2013? >> it's impossible to tell. let's say the whole of the market. >> very diplomatic answer there. david simple sop, thank you very much for coming by. some hopeful signs there. straight ahead on the program, talking of hopeful signs, our next guest is at u.s. oil production not seen since the 50s. what does it mean? we'll explore that when we come back. . >>> welcome back to "worldwide exchange." these are your headlines. the bank of japan steps up its easing agenda under heavy government pressure, doubling its inflation target and promising open ended qe starting next year. >>> president obama lays out a vision for his second term in his innagul address. >>> and this is the face of the new mr. euro. earlier, we had a nine to one ratio of decliner toes advancers.inaugural. earlier, we had a nine to one rat
PBS
Jan 17, 2013 6:30pm PST
1%. euro stoxx 50 rising by about 0.75%. there have been some hints that the debt crisis might be solved and that many states are in a pretty good way. >> thanks for that. >> it is election year here in germany. this september, angela merkel will bid for another four years running the country, and this weekend, there's an early test for her coalition. >> ahead of that, merkel and her government have been touting their economic credentials today in parliament. their message -- while growth is slowing this year, germany has weathered the euro crisis pretty well. >> merkel is counting on that message winning the day both this weekend and in september, but the opposition has other ideas. >> with an important state election coming up this weekend in lower saxony, the campaign rhetoric is getting hotter. reporting on the condition of germany's economy, the economics minister was keen to take as much credit as possible for record employment numbers, rising income, and falling debt. >> it is no accident that our economy is in good shape. it is no accident that new jobs are being create
WHUT
Jan 17, 2013 7:30am EST
for paris cac40 up by .50%. dollar and euro gaping further ground against the yen. the dollar/yen at 89.29. euro/yen at 119.28. traders are stepping up yen selling after japan's prime minister reaffirmed his resolve to set an inflation target of 2%. >>> well, business leaders from japan, china and south korea gathered in seoul has the three nations are about to start negotiations for a free trade deal. the meeting on thursday was organized by a seoul based secretary yacht that enhanced cooperation. several government officials and business people attended. >> translator: closer business ties will have a positive impact on the three nations politics and diplomatic relations. >> translator: we hope the business people gathered here will become the cornerstone for goodwill among the three nations through their strong friendship. >> jan japan, china and south korea declared last november they will begin talks for a free trade agreement working level negotiations are expected to start in the first half of this year. this participants echoed the view and voiced the importance of private secto
CNBC
Jan 18, 2013 4:00am EST
long. euro/dollar, who cares about that one today? let's talk more about china. we'll head out to hong kong for in-depth analysis. intel giving investors the jitters with a disappointing forecast and a massive increase in capital spending. we'll look at those figures just after 10:20 central european time. 16 minutes later, we'll head out to bangor to talk to the ceo of wipro. >>> and the hostage crisis continues in algeria. we'll have the latest news right after the break. stay with us. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> welcome back to the program. a spokesman for the british foreign office says the uk government has received no words that the hostage crisis in algeria is over. most of the reports suggests dozens might have been killed during a rescue operation carried out
CNBC
Jan 21, 2013 4:00am EST
policy response generally to the european union, the euro project, i should say. we have the euro group separately meeting. we have this little issue of cypress. in terms of gdp, it's little. politically, though, it could be much more significant. tie this altogether for us. how important is an essential change of power in germany to these continued effort to resolve the crisis in cypress or other member states? >> i think the key issue is that germany is a big importer from spain, italy and the periphery. if the german numbers weaken, we'll see that later in a periphery. >> especially through spain. >> ultimately, this is really an economic story. the periphery are a lagging indicator of what's going on in germany. my concern is sooner or later, these peripheral equity may start to be under pressure again. what are your positions on debt? >> i think at this stage we're still comfortable with the core. the reason, there's probably another risk off take his. whatever the reason behind it, it tends to protect the periphery, not the core. for example, france continues to perform very, very
PBS
Jan 21, 2013 7:00pm PST
. meanwhile euro against the yen is at 119.38 to 42. mark players say all eyes are on what kind of bold measures the central bank can come up with if it's two achieve the 2% inflation market. investors expect trading to be volatile following the government and boj announcement. south korea's kospi flat pretty much. 19 1,9 1,986. we'll see where trading takes us. global unemployment is on the rise. the international labor organization says the number of jobless people increased for the first time in three years as european credit woes continue to weigh on the global economy. officials announce on tuesday that nearly 200 million people worldwide were jobless in 2012. that's an increase of more than 4 million from the previous year. officials say unemployment grew not only in western countries but also in east asia and the middle east. nay say european debt problems affected emerging economies by hurting trade. youth unemployment is also on the rise. people aged 15 to 24 are counted for over a third of the total number. officials are urging governments to boost job training programs for yo
PBS
Jan 22, 2013 7:00pm PST
market expectations. taking a look at the euro against the yen, that's quoted at 118.29-32. let's take a look at stocks now. tokyo share prices are lower. as the yen is gaining ground. the nikkei average trading at 10,651. that is a loss of a little over half a percent from tuesday's close. market sources say investors are selling many stocks but especially export-related issues, and that is due to the yen's strength as well as the fact that the b.o.j.'s measures were almost as anticipated. okay. in other asian markets we are seeing seoul regain that 2,000 level. it is up by 1/5 of a percent at the moment. taking a look at australia, the benchmark index is trading higher by a third of a percent at 4,794. >>> well, the japanese government plans to help the ship-building industry in the northeast region which was hit by the march 2011 disaster. the government plans to subsidize ship builders when they jointly build facilities such as dry docks. the subsidies will cover 2/3 of the cost. in the earthquake and ensuing tsunami 37 ship-yards along the pacific coast were severely damaged. infr
PBS
Jan 23, 2013 7:00pm PST
3.2% in 2012. the imf says the euro zone economy will recover more slowly than previously expected. the imf's growth forecast for the united states is 2%. that's as long as the country contains its fiscal crisis including the debt ceiling and fiscal growth. the imf has mained growth outlook for the japanese economy for 1.2% this year. they were warned about the risks of accumulating debt without consolidation measures. >> when the countries start with ray otio of debt to gdp, in bot cases it's much above. we vowed a clear plan for fiscal consolidation over the next five, ten years, it seems to many to be quite dangerous to increase the fiscal deficit. >> the u.s. house of representatives have agreed to raise the debt ceiling until may 18th. the bill will prevent the government from defaulting on its debt. the bill passed the house on wednesday after the republican majority changed its stance. republicans said they would not approve the bill unless the government made more cuts to social programs. republicans had public criticism that they were not consider the markets on a financia
PBS
Jan 28, 2013 7:00pm PST
.47 to 50. the euro/yen is also lower. that pair at 121.71 to 74. many market players are on the sidelines waiting for the release of u.s. gdp and jobs data later in the week. the kospi trading higher by .4 of a%. 1,948 and in australia the benchmark index is trading higher 4,873 this tuesday morning. the u.s. agriculture chief has welcomed japan's easing of impact restrictions on its country's beef. it gives u.s. cow farmers a bigger steake in the market. they decided to allow imports of meat from american cattle aged 30 months or younger. the current limit is 20 months or younger and was set seven years ago to provent risks of bsc or mad cow disease. the u.s. will continue working on eliminating trade bar yours for high quality and safe u.s. food and agriculture products. the u.s. will keep trying to expend its exports. ron kirk called the decision a significant and historic step in expanding the american beef tradwith japan and along with it exports and jobs. that's the latest in business for this hour. here is a check on markets. >>> thousands of refugees have been landing in recent mo
KCSMMHZ
Jan 16, 2013 2:30pm PST
, and it is lower. as for the euro against the dollar, it is declining. >> when we come back after a short break, the small town in eastern germany that has declared war on the far right npd, as they try to gain a foothold there. >> that and more after the break. >> stay with us. >> thanks for staying with us. >> welcome back. we begin with the story of a small town in eastern germany that has seen the far right npd party convince many residents to give it its support. some have organized to resist that. >> and they have been recognized by germany's jewish community. the group emerged to resist the influence of the neo-nazi npd. the npd set up major headquarters in the town several years ago. >> the party quickly turned into a powerful force. here is a story of how locals who objected organized. >> pretty houses and clean streets. it looks idyllic, but appearances can deceive. there's no industry, and there are few jobs. many young people have moved away. yet, one group is moving in in increasing numbers -- right wing extremists from western germany. leaders of the far right npd party have chose
WHUT
Jan 23, 2013 7:30am EST
provided little market direction. dollar/yen at 88.29. we're seeing the euro is weaker against the yen. euyou're 0/yen at 117.79. >>> the labor union for japan's regional government workers is calling for the withdrawal of the central government's plan to reduce tax grants. the state government wants to cut local tax grants from fiscal 2013 starting this april. it's partly designed to slash regional government workers' wages by an average of 7.8%. the chairman of the all-japan precede tech furl and municipal workers union told reporters wednesday the plan is unacceptable. >> translator: this one-sided policy that the state is going to implement unilaterally has been drafted by skipping all the labor management negotiations. >> tokanaba said local governments are striving to cut workers to deal with the shortage of funds even though they're faced with more tasks in the their everyday work. he said they include social security issues and environmental protection measures. tokanaga added some municipalities have even pressed ahead with their own wage cuts. >>> that is going to do it for b
WHUT
Jan 25, 2013 7:30am EST
measures. u.s. currency trading at a 31 month high level right now at 90.89-93. now the euro is also changing hands much higher. at a 21 month high against the yen. we're seeing it at 122.30 roughly. also being bought now germany's key business climate data beat market expectations. let's see what is happening now with the equity markets there. we got markets turning upwards at this point. london's ftse 100 gaining by .10%. gains of more than a percent in frankfurt and paris cac 40 up by .7%. in tokyo the nikkei average was up near 3% ended at 10,926. that does mark this year's closing high. a weaker yen prompted investors to buy export related issues. different story in shanghai. composite index was down half of a per september today ending at 2291 that sent the index below 3,000 for the first time and the bench park is down. latter half of the week, shanghai stock prices were trading on a bit of a weak tone. we did take a look at this chart we can see the longer term trend. the index has been recovering to the same level as a year ago. so what's really been behind this? we had a ch
FOX Business
Jan 17, 2013 11:00am EST
changes, well, to that story. look at how currencies are holding up. $1.33 on the euro. [ male announcer ] let's say you pay your guy around 2% to manage your money. that's not much, you think. except it's 2% every year. go to e-trade and find out how much our advice and guidance costs. spoiler alert: it's low. it's guidance on your terms, not ours. e-trade. less for us. more for you. >> 24 minutes past the hour. i am jamie colby. this is your box is in it. one u.s. unarmed drone is ahead abp as field in algeria. at least 35 hostages have been killed, along with 15 terrorists after algerian military surrounded the facility. pineda responding, who need them except you guys in battle? the ban expired in 2004. here is some good housing news. fewer u.s. homes foreclosed in 2012. it was down from 804,000 in 2011. those are your headlines. i will send it back to connell. connell: pushing the retirement age up to 70. the number of ceos that make up the business roundtable moving the age of 270. it would affect social security and also medicare benefits. initial benefits for the so-called wealth
FOX Business
Jan 17, 2013 1:00pm EST
the dollar is faring as the market is up 84. the dollar is weaker versus the euro, but stronger versus the pound and the yen. we will be right back. [ male announcer ] ok, here's the way the system works. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "cost of financial advisors" ouch. over time it really adds up. then go to e-trade and find out how much our advice costs. spoiler alert: it's low. really? yes, really. e-trade offers investment advice and guidance from dedicated, professional financial consultants. it's guidance on your terms, not ours. that's how our system works. e-trade. less for us. more for you. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platformrom charles schwab... tdd#: 1-800-345-25 gives me tools that help mfind opportunities more easily. tdd#: 1-0-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#:
FOX Business
Jan 31, 2013 11:00am EST
the u.s. dollar and you are seeing strength in the euro, weakness in the dollar. we will be right back. >> 25 minutes past the hour your fox news minute, 20 injured and two debt in a massive highway pileup in detroit, 30 vehicles involved in the crash south bound i 75 in detroit. white out conditions being blamed for the accidents which occurred two hours ago. severe weather has been impacting the country from the midwest to the southeast to the east coast. syriac is threatening to retaliate and is warning of a surprise response to israel's air strike near damascus. u.s. officials say is really jets struck a convoy shipping weapons to lebanon for the islamist militant group hezbollah. syria says israel hit a military research center. that hostage standoff in rural alabama alabama continues this morning. deron contact with the suspect to the retired truck driver holding a 5-year-old boy in an underground bunker. the man grabbed the boy off of a school bus tuesday after shooting and killing the bus driver. those are your headlines. now back to cheryl casone and dennis is hanging out ther
CNBC
Jan 17, 2013 12:00pm EST
and in that instance also seemed to indicate that they could welcome a lower euro and then totally flipped in the last meeting. actually in the last ecb meeting you're getting shades of the same commentary from draghi but it will not support ain't rate move. >> tom, to use a bar fight analogy you're saying to draghi and bernanke let's take it out back. you're willing to put on the gloves and fight the fed, fight the ecb and fight the global central banks that are pumping so much liquidity into the marketplace and keeping a put under the market. >> they are keeping the put under the market. we should respect history. if we look back over history, we constantly find that if what holds the market up is interference, what holds the market up is a policy that's specifically geared to creating those moves and you don't get the underlying sustainable dynamic and economic pickup it can hold for a period of time but the market will run its own way. since 2009 we had a number of double digit down moves including the 22% down move in 2010 and last year. we sometimes have to divorce the underlying equity market f
CNBC
Jan 18, 2013 6:00am EST
yet. >> all right, rebecca, i have two for you. number one is that i'm reading that the euro crisis this year is going to go on the back burner even though nothing's been settled. it just seems like people aren't as concerned about it. so, i guess that explains the euro's move. and then, this news out of japan that kelly's all -- talks about all the time. >> she's teed up on. >> she's very teed up on that. and reading some of the stuff that abe is getting accomplished, it is different. i mean they're going to do -- they're going to -- >> they're going to out-fed the fed. >> exactly. and you know, they haven't had -- do you remember the last time they've had 2% inflation? >> twice in the last two decades. briefly. one on the back of a tax increase. >> just really brief. >> they've flirted with 2% and that's come back -- >> you think they can orchestrate that? >> i'm dubious for now. but if you have a better u.s., a quiet europe, a better china, there's more hope relatively speaking that you could get enough global momentum, because japan at the end of the day, still is a very open ec
CNN
Jan 27, 2013 7:00am PST
they might be overwhelming like the euro crisis have been weathered. people from america are optimistic. those from emerging markets more so, but everywhere there is a sense of caution. in pwc's annual global ceo survey released this week, 52% saw no change from the current tepid economic environment. 28% saw decline and 18% said things will get better. it is still an improvement from last year when 48% predicted a decline. the last few years of recovery followed by slow downs of political crisis, of new terror attacks from north africa have made people weary of excessive optimism. things are stable, crises have been contained, there's some growth on the horizon, but no one's ready to declare that we've turned any corners. there are no bulls in davos. no countries taking center stage. one symbol of the mood, the big splashy parties that companies like google used to throw have been quietly discontinued. not that google couldn't afford it, by the way. they just had their first year with $50 billion in revenues. underlying this caution, i believe, is a sense that growth that people had go
FOX News
Jan 18, 2013 2:00pm PST
. >> bob: down side is he did introduce cycling to america, which led to all the euro trash outfits that led to people riding around at 5:00 -- >> andrea: but he was the ambassador to europe. now they're in the cafes going see, he -- >> bob: who cared about cycling before he came along? maybe a few afterwards. >> eric: i lost a mother and sister to cancer. they loved lance armstrong. not because of it,be but because he was a cyclist but it was because he beat cancer and fought off a disease. there are people out there stricken with cancer -- >> dana: tony snow wore the livestrong bracelet every day he was press secretary. we wore it for him. it was based on a lie. he became rich, famous, every comfort in the world. the bost doctors in the world. great, the charity -- >> eric: my sister and my mother didn't look to lance armendariz because he won tour de frances but he beat testicular and brain cancer. >> dana: i understand. >> bob: who would have known that -- >> dana: it's unfair to say people criticizing him for what he did don't care about people of cancer. my grand parents died
PBS
Jan 17, 2013 11:00pm PST
through kidnapping for ransom. they've made more than $30 million euros after kidnapping french citizens because the french will pay for the nationals to come back. up until this point, they hadn't taken an american hostage and now they have at least three. >> so they would view perhaps mali as the next afghanistan or having the possibility of being the next afghanistan before 9/11 when in fact it was a haven for al qaeda. >> there are parallels there because in some ways, you know as one u.s. official said to me half jokingly it's the world's worst neighborhood. you have islamic extrialists, you have al qaeda through aqim, you have drug traffickers up there in the north of mali. and you have just rebels who want some independence to split the country in two. so in that mix you have that worry that you can create within the chaos a command and control center. like what you saw al qaeda do through the taliban in afghanistan. so that's the fear that it can become a launch pad. >> rose: on another matter finally, when dow expect the secretary of state to testify about ben gazee-- ben gaddee
CNBC
Jan 18, 2013 1:00pm EST
today. even though on spraead basis, they have widened out a bit. along with the euro/yen, dollar/yen, big performer, fresh 30-month highs as we hover and debate whether we close above 90 and very aggressive pro dollar but anti-yen trade with regard to pressure due to inflation issues by the bank of japan. tyler, it's all yours. >> rick, let's go to phil lebeau now for breaking news. >> tyler, we had some of our crew in washington catch up with secretary of transportation ray lahood. he was addressing the u.s. conference of mayors. after he addressed mayors we had the chance to ask him about the dreamliner and grounding. remember just last friday he was very public in saying these planes are safe. i would fly one immediately if i had a chance. well we asked him today what he thinks about those comments and about the dreamliner being grounded. sheer what he had to say. >> the reason that we grounded it is because we did further consultation with boeing and there was another incident. so those planes aren't flying now until we really have a chance to examine the batteries. those pla
Search Results 0 to 49 of about 60 (some duplicates have been removed)